Rockwell Collins, Inc. (COL) Given a $135.00 Price Target at Morgan Stanley
Rockwell Collins, Inc. (NYSE:COL) has been assigned a $135.00 price objective by research analysts at Morgan Stanley in a research note issued on Thursday. The firm presently has a “buy” rating on the aerospace company’s stock. Morgan Stanley’s price target would indicate a potential upside of 7.61% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Citigroup Inc. lifted their target price on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. BidaskClub raised Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Cowen and Company reaffirmed a “hold” rating and set a $115.00 target price on shares of Rockwell Collins in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $96.00 target price on Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $115.65.
Rockwell Collins (NYSE COL) traded down 1.29% during trading on Thursday, hitting $123.83. 430,915 shares of the stock were exchanged. Rockwell Collins has a one year low of $78.54 and a one year high of $128.43. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 24.57 and a beta of 0.78. The stock’s 50 day moving average is $113.01 and its 200-day moving average is $103.28.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The company’s revenue was up 57.0% on a year-over-year basis. On average, equities research analysts expect that Rockwell Collins will post $6.08 earnings per share for the current fiscal year.
Rockwell Collins declared that its board has authorized a stock buyback plan on Friday, July 7th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have acquired 18,000 shares of company stock worth $1,480. Company insiders own 1.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cacti Asset Management LLC boosted its position in Rockwell Collins by 1.7% in the third quarter. Cacti Asset Management LLC now owns 365,893 shares of the aerospace company’s stock valued at $30,859,000 after buying an additional 6,000 shares during the period. Cooke & Bieler LP boosted its position in Rockwell Collins by 28.0% in the second quarter. Cooke & Bieler LP now owns 855,318 shares of the aerospace company’s stock valued at $72,822,000 after buying an additional 186,941 shares during the period. British Columbia Investment Management Corp boosted its position in Rockwell Collins by 1.3% in the third quarter. British Columbia Investment Management Corp now owns 95,484 shares of the aerospace company’s stock valued at $8,053,000 after buying an additional 1,201 shares during the period. Neuberger Berman Group LLC boosted its position in Rockwell Collins by 14.3% in the third quarter. Neuberger Berman Group LLC now owns 412,805 shares of the aerospace company’s stock valued at $34,816,000 after buying an additional 51,656 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Rockwell Collins during the third quarter valued at $23,222,000. 67.81% of the stock is currently owned by institutional investors.
About Rockwell Collins
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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